A: No! Even the most extensive type of homeowners policy lists more than 30 exclusions (perils that are not covered). So don't be fooled by the term "all risk," which is often used by insurance providers to describe the broader form of coverage. It's anything but!

• Damage caused by wear and tear, rust, corrosion, or gradual deterioration, like a leaking roof or a rusty oil tank that springs a leak because it hasn't been properly maintained.
• Damage caused by vermin, rodents, and insects.
• Damage caused by flood.
• Damage from volcanic eruption.
• Damage caused by earth movement, including earthquakes, landslide, and mud flow (earthquake coverage is available, but it doesn't come cheap).
• Damage caused by water seepage, through the foundation or an open window, for example.
• Water damage caused by pipes freezing if you are away for more than four consecutive days (unless you have someone checking your house on a daily basis, or the water system has been shut off and completely drained).
• Loss or damage occurring after your dwelling has been vacant for more than 30 days (not just because you're on vacation, but because you have moved and do not intend to return).
• Intentional loss by, or at the direction of, an insured; in other words, fraudulent claims.
• Damage caused by Grow Operations which are illegal cultivation activities usually involving marijuana or other controlled drugs/substances.
• Damage caused by mould or contanimation.